In 2023, there was a notable transformation in cryptocurrency investments as crypto venture capital (VC) funding experienced a significant decline of 68%, dropping from the $33.3 billion invested in 2022 to $10.7 billion. Despite this decrease, 2023 remains the third-highest year in total crypto investments, surpassing the figures during the previous bear markets of 2019...Read More
Uniswap has seen substantial growth over the last week following the implementation of various features on the platform, such as Rootstock, an Android mobile wallet app, and extended capabilities to other blockchains. Uniswap’s native cryptocurrency, UNI, has also experienced a notable surge during the recent crypto bull market, witnessing a 22% increase over the past...Read More
zkSync Era developers took to X (formerly Twitter) to announce the blockchain was encountering network issues, promising users that teams are working to resolve problems “as swiftly as possible.” Later on, they posted an update, saying the issues were resolved and the network was fully operational. The zkSync Era network is now fully operational. At...Read More
According to research by Sixdegree, stablecoins have not seen a significant increase in value during the recent bull market. Their current total value is $129.5 billion, slightly lower than the $139 billion recorded in December 2022. Ethereum vs. Tron in 2023 This trend can be attributed to the contrasting developments on two major blockchain platforms:...Read More
In the face of declining prices in the crypto market and rising global interest rates, investors turned their attention to artificial intelligence (AI) this year. Bitcoin will remain the primary focus in the future; experts also suggest that AI will take center stage. According to Nansen’s latest projection, AI agents will dominate the blockchain in...Read More
In its December 19 Q4 product update, Chainlink announced a series of strategic initiatives to bridge the gap between traditional finance (TradFi) and blockchain technology. The crypto oracle provider has revealed its plan to support the virtual tokenization of Real World Assets (RWAs) on the blockchain, marking a significant step in integrating digital and traditional...Read More
Solana Mobile has announced on X that it cannot fulfill orders placed after its Solana Saga inventory ran out. This issue has arisen due to a management problem with the third-party distributor. Notably, this development follows the sellouts in the U.S. and the EU, where the company faced high demand but had a limited inventory...Read More
The Solana Saga smartphone has garnered the unfortunate title of the worst smartphone of the year, as declared by popular YouTuber Marques Brownlee (MKBHD). Notably, the phone has experienced a surge in demand, leading to a sell-out, which occurred concurrently with an increase in the price of a memecoin developed on the Solana smart contract...Read More
HashKey Capital Singapore has received a Capital Markets Services (CMS) license, making it a licensed fund management company (LFMC) in Singapore. This enables HashKey to provide regulated fund management services for blockchain assets, primarily for capital markets products, from its Singapore headquarters. The CMS license follows the successful closure of HashKey’s third fund, which raised...Read More
The market for Solana Saga smartphones is witnessing an unprecedented surge, with recent sales on eBay reaching as high as $5,000, far exceeding the initial retail price. This spike in demand and value is primarily driven by the increased hype around BONK, a Solana-based meme coin, and expectations of lucrative future airdrops. High Demand for...Read More
In a mid-December analysis, Fortune Business Insights forecasted that the global blockchain gaming market is poised for explosive growth, potentially reaching an estimated $614 billion within the next seven years. This projection represents a growth rate of nearly 300% from the current market value of $154 billion. North America Leads, with RPGs Dominating The report,...Read More
Solana’s previously underperforming Saga smartphone has experienced a sudden and overwhelming surge in sales. This unexpected development is attributed mainly to the growing fascination with BONK, a meme coin on the Solana blockchain. Solana’s Saga Phone Sales Skyrocket with BONK Airdrop This unique situation began with an announcement in June about an airdrop of 30...Read More
Goldman Sachs (GS.N) is gearing up for a significant increase in the trading of blockchain-based assets within the next one to two years, signaling a major evolution in digital asset markets. According to a Reuters report, Mathew McDermott, the bank’s global head of digital assets, stated that the Wall Street giant is not only preparing...Read More
Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, a decentralized lending and borrowing platform on Base layer 2 blockchain. This listing marks a significant milestone as SEAM becomes the first Base Layer 2 token featured on Coinbase. SEAM Token Lists on Coinbase In conjunction with the Coinbase listing, Seamless Protocol...Read More
LayerZero Labs has announced in a recent post on X that it plans to launch its own token in the first half of 2024. This announcement was made following months of community speculation and discussion about the potential creation of a LayerZero token. LayerZero Announces ZRO Token Launch With $3M Airdrop “We’ve heard the community...Read More
A Bitcoin Core developer, Luke Dashjr, asserted that a bug fix on the largest blockchain network could potentially prevent new BTC ordinals and BRC-20 tokens from causing congestion by addressing an alleged vulnerability. The statement comes as Bitcoin approaches the $45,000 mark and a surge in unconfirmed transactions on the blockchain, reigniting the discussion around...Read More
The global media giant Forbes announced the launch of its esteemed Under 30 list on the Ethereum blockchain. This initiative represents a milestone, combining conventional media’s reputation with blockchain technology’s transformative power. Ethereum-Based Under 30 List Fuses Media with Web3 Tech The Under 30 list, famous for highlighting the world’s most promising young entrepreneurs, innovators,...Read More
A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges,...Read More
The e-commerce industry is a powerhouse in today’s marketplace, using technology to meet the changing demands of consumers seamlessly. At its core, the success of e-commerce is intricately tied to the harnessing of vast data sets, a phenomenon commonly known as Big Data. In today’s ever-changing environment, Big Data is crucial, guiding businesses to comprehend...Read More
The Investment Association’s recent announcement that British investment managers have received government authority to create tokenized funds marks a significant step forward in integrating blockchain technology into the financial sector. Tokenization, or fractionalization, involves dividing assets into smaller tokens, each supported by blockchain technology. This development is poised to revolutionize how investments are handled in...Read More
British investment managers have received approval to create tokenized funds, marking a shift towards using blockchain technology in mainstream asset management. The country’s trade body gave the green light on Friday, allowing funds to be split into smaller digital tokens backed by blockchain technology. UK Investment Managers to Launch Tokenized Funds The Investment Association announced...Read More
The market is experiencing a buying demand, reaching a total value of $1.45 trillion. The sentiment of greed is a dominant factor in this rise. Recently, Bitcoin attempted to break through the $38,000 mark but was unsuccessful. Despite this, there’s a noticeable trend of continuous growth efforts and a reduction in significant pullbacks from recent...Read More
Immutable, a prominent player in the layer-2 blockchain arena, has announced a transition for its Immutable zkEVM Testnet. Starting November 20, the testnet will undergo a regenesis, transitioning to a Geth-based client from its current Polygon Edge framework. Immutable zkEVM Testnet Embarks on Major Regenesis On November 15, Immutable announced that its layer-2 blockchain, the...Read More
Quantoz Payments, a subsidiary of Dutch blockchain firm Quantoz, has secured a license as an electronic money institution (EMI) under the oversight of the Dutch Central Bank. The authorization empowers Quantoz Payments to issue its inaugural regulated and programmable euro legal tender, EURD, on the Algorand network. Launching EURD on the Algorand Blockchain Anticipated by...Read More
In a strategic move aimed at accelerating the institutional adoption of digital assets, cryptocurrency exchange OKX has entered into a groundbreaking partnership with custody provider Komainu and asset manager CoinShares. This alliance paves the way for round-the-clock trading of segregated assets while ensuring robust security measures and mitigating counterparty risks. OKX, Komainu, and CoinShares Partner...Read More
According to a recent Coinbase research, the tokenization of financial assets has been steadily gaining momentum since 2017, bringing the evolution of digital financial assets, including sovereign bonds, money market funds, and repurchase agreements. As per the report, the growth has been dramatically buoyed by the existing high-yield environments but still faces huge infrastructural and...Read More
In the dynamic world of SocialFi, where the battle for supremacy is relentless, a certain Friend.Tech user made waves by dumping 850 ether (ETH) worth of keys on Monday. This move was followed by a switch to a rival platform, New Bitcoin City (NBC), a social app built on the Bitcoin blockchain. NBC Surges as...Read More
Cryptocurrency investigator ZachXBT has revealed on social media that his X account and a few others received a subpoena from a court requesting additional information for unspecified reasons. On October 21, he shared two screenshots regarding the request. The first depicted the court’s request for specific information that X was mandated to provide. The second...Read More
According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD...Read More
Renowned blockchain developer Antoine Riard has issued an urgent plea for updates to Bitcoin’s source code. Antoine Riard’s research paper delves into the critical vulnerabilities within the Lightning Network, shedding light on a particular category of transaction-relay jamming attacks known as “replacement cycling.” Replacement Cycling Attacks on the Lightning Network The Lightning Network was created...Read More
